Hi Ranchers, I am working in an indian software company since last 17 months as software programmer in Java, Jsp and Struts. I have read lots of articles and books on salary negotiations which always emphasises on identifying your market value before the negotiation. But i donot undertsand how does one actually come to know his/her market value. What are the parameters that constitute an individual's market value. [ December 14, 2006: Message edited by: Satish Kota ]
Have you spent any time viewing the pay offered in positions of the same level and looked at the pay from people with similar skills? People in India appear to more inclined to discuss salary than anyone else Ive encountered, did you try asking people? I think you're going to need to spend some time on it.
You need to figure out what the industry standard is. It also depends on the company that you are trying to get into. Pay is dependant on your skill. When its negotiation time with the HR person think about the standard for that company and how much your skills can help improve that company. At the same time determine what you can derive out of the company and ask away. Your communication skills , problem solving skills and other soft skills also come into play when determining your market value.